Carvana director J. Danforth Quayle sells 14,520 shares

Q: How many CVNA shares did J. Danforth Quayle sell, and at what price?

CVNA director J. Danforth Quayle sold 14,520 Class A shares on October 30, 2026, at a $68.88 volume-weighted average price. The sales were executed in multiple trades between $68.83 and $68.88, inclusive; no Rule 10b5-1 plan is reported.

Q: What were the terms of the CVNA options J. Danforth Quayle exercised?

He exercised 14,520 non-qualified stock options with a $3.00 exercise price. The options vested 25% on April 27, 2018, and monthly thereafter for the following three years, subject to his continued service with Carvana Co.

A director's sale was reported at a $68.88 weighted average, with individual trades ranging from $68.83 to $68.88.

Available on EDGAR 11/03/2026 - 05:35 PM EST Accepted by SEC EDGAR 11/03/2026 - 05:35 PM EST

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Form Type

Rhea-AI Filing Summary

Carvana Co. director J. Danforth Quayle exercised 14,520 non-qualified stock options on October 30, 2026, at a $3.00 exercise price, acquiring 14,520 Class A shares. He sold 14,520 shares that day at a $68.88 volume-weighted average price; the trades ranged from $68.83 to $68.88. His option balance following the exercise was reported as zero. An indirect holding through the James D. Quayle 2000 Irrevocable Trust was 62,500 Class A shares.

Insider Trade Summary

Exercise and Sale: 14,520 shares ($957K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider QUAYLE J DANFORTH

Role Director

Sold 14,520 shs ($1.00M)

Approx. gross sale proceeds $1.00M

Approx. exercise cost $44K

Approx. pre-tax spread $957K

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy) ^F2	14,520	$0.00	$0.00
Exercise	Class A Common Stock	14,520	$3.00	$44K
Sale	Class A Common Stock ^F1	14,520	$68.88	$1.00M
Holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 0 contracts (Direct); Class A Common Stock — 214,960 shares (Direct); Class A Common Stock — 62,500 shares (Indirect, James D. Quayle 2000 Irrevocable Trust)

Footnotes (2)

F1. This transaction was executed in multiple trades at prices ranging from $68.83 to $68.88, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
F2. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Key Figures

Options exercised: 14,520 options Exercise price: $3.00 per share Class A shares acquired on exercise: 14,520 shares +5 more

8 metrics

Options exercised 14,520 options October 30, 2026

Exercise price $3.00 per share Options exercised on October 30, 2026

Class A shares acquired on exercise 14,520 shares October 30, 2026

Class A shares sold 14,520 shares October 30, 2026

Weighted average sale price $68.88 per share Multiple trades on October 30, 2026

Sale price range $68.83-$68.88 per share Multiple trades on October 30, 2026

Options following exercise 0 shares Reported after the October 30, 2026 exercise

Indirect Class A share holding 62,500 shares Through the James D. Quayle 2000 Irrevocable Trust

Key Terms

non-qualified stock options, volume weighted average sale price, exercise price

3 terms

non-qualified stock options financial

"non-qualified stock options representing the right to purchase"

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

volume weighted average sale price financial

"reflects the volume weighted average sale price"

exercise price financial

"right to purchase for the exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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How many CVNA shares did J. Danforth Quayle sell, and at what price?

CVNA director J. Danforth Quayle sold 14,520 Class A shares on October 30, 2026, at a $68.88 volume-weighted average price. The sales were executed in multiple trades between $68.83 and $68.88, inclusive; no Rule 10b5-1 plan is reported.

What were the terms of the CVNA options J. Danforth Quayle exercised?

He exercised 14,520 non-qualified stock options with a $3.00 exercise price. The options vested 25% on April 27, 2018, and monthly thereafter for the following three years, subject to his continued service with Carvana Co.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

QUAYLE J DANFORTH

(Last)

(First)

(Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(Street)

TEMPE

ARIZONA

85281

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/30/2026		M		14,520	A	$3	229,480	D
Class A Common Stock	10/30/2026		S		14,520	D	$68.88⁽¹⁾	214,960	D
Class A Common Stock								62,500	I	James D. Quayle 2000 Irrevocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$3	10/30/2026		M			14,520	04/27/2018⁽²⁾	04/27/2027	Class A Common Stock	14,520	$0	0	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $68.83 to $68.88, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

2. The non-qualified stock options representing the right to purchase for the exercise price Class A Common Stock of the Issuer vested 25% on April 27, 2018 and monthly thereafter for the following three years, subject to the Reporting Person's continued service with the Issuer.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for J. Danforth Quayle	11/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR